TL;DR: Broadcom's ByteDance AI accelerator project was canceled amid tightened US semiconductor restrictions on China. Broadcom has reportedly seen its huge ByteDance project canceled, after the ...

TikTok’s parent company ByteDance’s valuation has jumped to approximately $315 billion in the latest share buyback announced by the company.

TikTok owner ByteDance is restructuring its artificial intelligence (AI) department after having poached an expert from Google to lead foundation research, according to employees of the Chinese ...

As TikTok fights to keep its popular video app available in the US, investors in parent company ByteDance Ltd. are being forced to re-evaluate financial prospects for a business valued at more ...

TikTok's parent company ByteDance is offering to buy back shares at a higher valuation than six months ago as it launches a new share repurchase program for U.S. employees this week, two people ...

(Bloomberg) -- ByteDance Ltd. plans to buy back employee stock at a valuation of about $312 billion, a significant markup from previous levels that reflects a brightening outlook for Chinese tech ...

Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Sign up Cao Dapeng, former head of PopAI at 01.AI, has ...

This time it is ByteDance, the parent company of TikTok, which has reportedly hired a key Google AI researcher. When talking about AI, ByteDance is probably not the first name that comes to mind.

BANGKOK (Reuters) - ByteDance's TikTok will invest $8.8 billion in data centres in Thailand over five years, Helena Lersch, TikTok's Vice President of Public Policy, said on Friday at an event in ...

(Bloomberg) -- At least three of Bytedance Ltd.’s major investors have marked up the TikTok-owner’s valuation to more than $400 billion, a sharp rebound for a Chinese social video leader that ...